Fariq Purchases and Places in Service in 2016 Personal Property

question 92

Multiple Choice

Fariq purchases and places in service in 2016 personal property costing $2,031,000.The property does not qualify for bonus depreciation.What is the maximum Sec.179 deduction that Fariq can deduct,ignoring any taxable income limitation?

• A)$500,000
• B)$0
• C)$479,000
• D)$469,000

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Definitions:

Line Positions

Roles or jobs within an organization that are directly involved in the core activities leading to the creation or delivery of the product or service.

Staff Positions

Roles within an organization that support the line functions indirectly, providing expertise, advice, and support to direct operations.

Marketing Organization

A group or structure within a company that focuses on promoting and selling products or services.

Blue Ocean Strategy

A business approach that focuses on creating new market spaces (or "blue oceans") that are uncontested by competition, rather than competing in existing markets.